Statement from the Swiss Bankers Association regarding payments and disclosures under the agreements with the UK and Austria

  • The data published today confirms the initial assessment made by the SBA, according to which significantly more individuals have opted for disclosure to the tax authorities than expected. Only a comparatively small group of individuals opted for the regularisation of assets by means of the one-off payment.
  • The goal of achieving comprehensive taxation of British and Austrian individuals with Swiss accounts has been reached with the agreements. Both the UK and Austria have received either direct payments or information.